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Author Topic: Whats your opinion on a new peer to peer multi digital asset marketplace?  (Read 163 times)
Psynapse5 (OP)
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December 14, 2017, 10:19:16 PM
Last edit: December 21, 2017, 01:41:24 AM by Psynapse5
 #1

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OmegaStarScream
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December 15, 2017, 09:52:05 AM
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If the site is going to be at least as good as Localbitcoins when it comes to features and you can make a better interface, good reputation system that can't be abused, less fees and more crypto currencies like you mentioned then yes, there will be enough demand but you will definitely need to do advertising If you want people to know about it (either signature campaigns or forum adslots).

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sdexs
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December 15, 2017, 10:56:43 AM
 #3

So basically like a localbitcoins.com 2.0. It would work in a similar way, with some additional features but the main difference is that it would support not only bitcoin, but a few other cryptocurrencies as well, like 7-8 currencies, the most established ones.
Do you see a demand for such platform? Would you use it?

It looks like a very interesting project, but as OmegaStar said, you will need some advertising. I could help with that.
krishnapramod
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December 15, 2017, 01:35:50 PM
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A website similar to Localbitcoins, but with mutliple cryptocurrencies, interesting concept. P2P trading platforms are quite popular and will always be in demand, one of the alternatives if a government shuts down exchanges or bans Bitcoin, but still they are centralized with a single point of failure. There are a few decentralized exchanges Bisq, Bitshares, Waves, Decred, but not quite popular and not much support for multiple cryptocurrencies, but I do think that in the near future, decentralized exchanges would be much more in demand than P2P/OTC platforms. So just a suggestion, if you want to give something back to the community, a decentralized cryptocurrency exchange with security and privacy as priority would be better than a P2P platform. There is also Cobinhood (beta), supports around 20 cryptocurrencies with zero trading fee, projects like these would be game changers in cryptosphere.
eternalgloom
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December 15, 2017, 04:02:26 PM
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A website similar to Localbitcoins, but with mutliple cryptocurrencies, interesting concept. P2P trading platforms are quite popular and will always be in demand, one of the alternatives if a government shuts down exchanges or bans Bitcoin, but still they are centralized with a single point of failure. There are a few decentralized exchanges Bisq, Bitshares, Waves, Decred, but not quite popular and not much support for multiple cryptocurrencies, but I do think that in the near future, decentralized exchanges would be much more in demand than P2P/OTC platforms. So just a suggestion, if you want to give something back to the community, a decentralized cryptocurrency exchange with security and privacy as priority would be better than a P2P platform. There is also Cobinhood (beta), supports around 20 cryptocurrencies with zero trading fee, projects like these would be game changers in cryptosphere.

There's still a place for a centralized exchange, decentralized exchanges are nowhere near ready to take over on a grand scale.
I think there a need for a good p2p marketplace for altcoins, it would make things so easy if you could just buy altcoins directly from someone, using your preferred payment method.

Something that's very important for me personally is that you support as much payment options as possible, just as LBC does.

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December 15, 2017, 04:33:59 PM
 #6

So basically like a localbitcoins.com 2.0. It would work in a similar way, with some additional features but the main difference is that it would support not only bitcoin, but a few other cryptocurrencies as well, like 7-8 currencies, the most established ones.
Do you see a demand for such platform? Would you use it?
LocalBitcoins is not exactly a peer-peer network,it does act as a third party between all the peers for verification and validation.Most of all,they have control of your money that is not what a p2p network does.Localbitcoins doesn't supply any currencies,all the trades  are initiated by the peers.
Basically,you have got it all wrong.You should google what a p2p network is and maybe reframe your idea.
KaliLinux
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December 15, 2017, 07:38:47 PM
 #7

So basically like a localbitcoins.com 2.0. It would work in a similar way, with some additional features but the main difference is that it would support not only bitcoin, but a few other cryptocurrencies as well, like 7-8 currencies, the most established ones.
Do you see a demand for such platform? Would you use it?
I think you meant bitcoin transaction as peer to peer however localbitcoins.com is not exactly the same..
Added with few more cryptocurrencies for trading purpose will be really easy for traders and it will gain you more no of users. Make sure you set up a capable hardware like loadbalencers, servers etc.
It will be very advantage to who are trading multiple cryptos because they may be tired of switching their browsers everytime.
Good idea but it requires lots of security
Anyway even you created it requires lots advertisements and some offers to traders in order to gain traders and trust as well
audaciousbeing
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December 20, 2017, 03:03:03 PM
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So basically like a localbitcoins.com 2.0. It would work in a similar way, with some additional features but the main difference is that it would support not only bitcoin, but a few other cryptocurrencies as well, like 7-8 currencies, the most established ones.
Do you see a demand for such platform? Would you use it?

This is an interesting idea to run with because peer to peer sites are still few at the moment compared to exchange sites but what I would suggest as an addition to what others have given is to try and focus on some region for now and push such to a successful point before thinking of expanding. The areas to focus on should be regions where its difficult to trade bitcoin as I have seen some threads about people in some countries that are lost about exchanging their bitcoins for fiat and vice versa.

Another to be concerned about is what to do better in combating scam and resolving conflicts as these two major issue will continue to crop up the moment you are dealing with people and when you do it better, you tend to spend less on advert as people who have used the services will be the one doing the advertisement.

In the case of advertisement, try to ensure that it is directed at your specific audience in that region talked about above and you can then run with that.  Wishing you all the best in making bitcoin penetration better.
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